How Will Retirement Saving Be Different for Millennials?

Some experts are insisting that millennials become more conscious of their savings mode for retirement. Upcoming 2017 equity markets promise to be the most bearish in over a decade, which has serious implications for millennials attempting to save for retirement. This coupled with rising inflation may make it hard to get the significant stock market returns that we have seen over the last thirty years. Perhaps, the traditional retirement savings strategies will not hold up with younger generations—millennials should look to save close to 25% of their income as opposed to only 10% to 15% in order to afford retirement.  

See Should Millennials Double Retirement Savings Rates?, Wealth Management, January 11, 2017.